Market Size of military fixed-wing aircraft Industry
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 47.03 Billion |
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Market Size (2030) | USD 65.32 Billion |
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Largest Share by Body Type | Multi-Role Aircraft |
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CAGR (2024 - 2030) | 5.63 % |
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Largest Share by Region | North America |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
Military Fixed-wing Aircraft Market Analysis
The Military Fixed-wing Aircraft Market size is estimated at 47.03 billion USD in 2024, and is expected to reach 65.32 billion USD by 2030, growing at a CAGR of 5.63% during the forecast period (2024-2030).
47.0 B
Market Size in 2024 (USD)
65.3 B
Market Size in 2030 (USD)
3345
Total Deliveries in the Historic Period (2017-2023)
4917
Total Deliveries during the Forecast Period (2024-2030)
Largest Market by Body Type
64.76 %
value share, Multi-Role Aircraft, 2023
The ability to perform ground strikes, air superiority, suppression of enemy air defenses, and electronic warfare missions are driving the procurement of advanced multi-role aircraft.
Largest Market by Region
40.52 %
value share, North America, 2023
Various ongoing military modernization programs aimed at procuring advanced aircraft across the region are anticipated to drive the market's growth.
Largest Market by Country
39.72 %
value share, United States, 2023
The United States' focus on procuring more advanced fighter jets in order to maintain its military supremacy supports the growth of the military fixed-wing aircraft market.
Leading Market Player
38.28 %
market share, Lockheed Martin Corporation, 2022
Lockheed Martin provides a wide range of high-performance combat and ISR aircraft. Its vast geographical presence enables it to be a leading player.
Second Leading Market Player
21.13 %
market share, The Boeing Company, 2022
Several types of military aircraft are being offered by the company. Its broad geographical presence is responsible for its growth, making it the second-largest market player.
Increasing demand for multi-mission aircraft is driving the segment growth
- The multi-role aircraft segment accounts for a major share in terms of revenue and volume as all regions are investing heavily in the modernization of their aging military fixed-wing aircraft fleet and procuring next-generation aircraft. In 2022, the multi-role aircraft segment accounted for 72% of the overall deliveries.
- The training and transport aircraft segments may also show healthy growth between 2022 and 2030, as countries are looking to procure newer generation aircraft to replace some of the old aircraft models that have been operational for several decades. The other fixed-wing aircraft segment includes special mission platforms that serve as “force multipliers” and constitute a respectable segment in the military aviation market. Business jets or regional transport aircraft are being converted for special missions due to lower acquisition and operating costs. North America is expected to drive the growth of this segment majorly.
- The multi-role aircraft segment accounts for a major share in terms of revenue and volume, primarily due to the high cost of fighter jets and the large-scale ongoing procurement of F-35 jets by the United States. As of December 2022, the US had outstanding deliveries for approximately 1,943 F-35 aircraft. Some of the major ongoing and future procurements of military fixed-wing aircraft include Germany's procurement of the F-35 from Lockheed Martin, which is likely to be delivered in 2026. The company also anticipates further orders for the aircraft in Europe, with Greece and the Czech Republic showing strong interest in the technologically advanced F-35. During 2023-30, around 5,469 fixed-wing aircraft are expected to be delivered.
The market is booming due to the growing need for modern warfare and defense budgets
- The fixed-wing aircraft segment accounted for around 60% of the global military aircraft fleet in 2021. The international security horizon in the second half of 2021 was marked by escalating conflicts and geopolitical and border issues, with major confrontations such as between Russia and Ukraine, India and China, and other nations in Asia-Pacific. The armed conflicts and internal security helped increase defense expenditures globally, with nations strengthening their armed forces with new procurements of fixed-wing aircraft.
- The world defense expenditure crossed over USD 2 trillion in 2021, with major military powers such as the United States increasing their defense budget by 3%, from USD 778 billion in 2020 to over USD 800 billion in 2021. Because of this, the North American region recorded the highest defense expenditure worldwide. The United States was followed by China, India, Russia, and the United Kingdom, which also increased their defense expenditure by 14%, 5%, 6.8%, and 13%, respectively.
- In 2022, the war between Russia and Ukraine further fueled the need to reassess the global operational readiness of the armed forces. NATO nations are undergoing fleet modernization and expansion programs with the procurement of new fixed-wing aircraft. Asia-Pacific and the Middle East are the major regions with a 7% and 5% growth, respectively, in their active fixed-wing aircraft fleet. As the aircraft fleet continues to grow, the fixed-wing global aircraft market is anticipated to experience 5,469 deliveries from 2023 to 2030.
Military Fixed-wing Aircraft Industry Segmentation
Multi-Role Aircraft, Training Aircraft, Transport Aircraft, Others are covered as segments by Body Type. Asia-Pacific, Europe, Middle East and Africa, North America, South America are covered as segments by Region.
- The multi-role aircraft segment accounts for a major share in terms of revenue and volume as all regions are investing heavily in the modernization of their aging military fixed-wing aircraft fleet and procuring next-generation aircraft. In 2022, the multi-role aircraft segment accounted for 72% of the overall deliveries.
- The training and transport aircraft segments may also show healthy growth between 2022 and 2030, as countries are looking to procure newer generation aircraft to replace some of the old aircraft models that have been operational for several decades. The other fixed-wing aircraft segment includes special mission platforms that serve as “force multipliers” and constitute a respectable segment in the military aviation market. Business jets or regional transport aircraft are being converted for special missions due to lower acquisition and operating costs. North America is expected to drive the growth of this segment majorly.
- The multi-role aircraft segment accounts for a major share in terms of revenue and volume, primarily due to the high cost of fighter jets and the large-scale ongoing procurement of F-35 jets by the United States. As of December 2022, the US had outstanding deliveries for approximately 1,943 F-35 aircraft. Some of the major ongoing and future procurements of military fixed-wing aircraft include Germany's procurement of the F-35 from Lockheed Martin, which is likely to be delivered in 2026. The company also anticipates further orders for the aircraft in Europe, with Greece and the Czech Republic showing strong interest in the technologically advanced F-35. During 2023-30, around 5,469 fixed-wing aircraft are expected to be delivered.
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| Others |
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Military Fixed-wing Aircraft Market Size Summary
The Military Fixed-wing Aircraft Market is poised for significant growth, driven by global defense modernization efforts and the procurement of next-generation aircraft. The multi-role aircraft segment dominates the market, reflecting substantial investments in upgrading aging fleets and acquiring advanced fighter jets like the F-35. This trend is particularly pronounced in North America, where the United States leads in defense spending and aircraft procurement. The market is also witnessing healthy expansion in the training and transport aircraft segments, as countries seek to replace older models with newer generations. Special mission platforms, including converted business jets, are gaining traction due to their cost-effectiveness and strategic value as force multipliers.
Geopolitical tensions and conflicts have further fueled the demand for military fixed-wing aircraft, with regions like Asia-Pacific and the Middle East experiencing notable growth in their active fleets. Major powers such as China, India, and Japan are increasing their defense budgets, focusing on enhancing air superiority to address regional disputes and security challenges. The Asia-Pacific region, in particular, is seeing a rise in military spending, driven by territorial disputes and the need for modernized fleets. The market is fairly consolidated, with leading companies like Airbus, Lockheed Martin, and Boeing dominating the landscape. As countries continue to invest in military aviation, the market is expected to expand steadily, with a significant number of aircraft deliveries anticipated over the forecast period.
Military Fixed-wing Aircraft Market Size - Table of Contents
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1. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2030 and analysis of growth prospects)
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1.1 Body Type
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1.1.1 Multi-Role Aircraft
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1.1.2 Training Aircraft
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1.1.3 Transport Aircraft
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1.1.4 Others
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1.2 Region
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1.2.1 Asia-Pacific
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1.2.1.1 Australia
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1.2.1.2 China
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1.2.1.3 India
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1.2.1.4 Indonesia
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1.2.1.5 Japan
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1.2.1.6 Malaysia
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1.2.1.7 Philippines
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1.2.1.8 Singapore
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1.2.1.9 South Korea
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1.2.1.10 Thailand
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1.2.1.11 Rest of Asia-Pacific
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1.2.2 Europe
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1.2.2.1 France
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1.2.2.2 Germany
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1.2.2.3 Italy
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1.2.2.4 Netherlands
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1.2.2.5 Russia
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1.2.2.6 Spain
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1.2.2.7 UK
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1.2.2.8 Rest of Europe
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1.2.3 Middle East and Africa
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1.2.3.1 Algeria
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1.2.3.2 Egypt
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1.2.3.3 Qatar
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1.2.3.4 Saudi Arabia
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1.2.3.5 South Africa
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1.2.3.6 Turkey
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1.2.3.7 United Arab Emirates
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1.2.3.8 Rest of Middle East and Africa
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1.2.4 North America
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1.2.4.1 Canada
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1.2.4.2 Mexico
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1.2.4.3 United States
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1.2.4.4 Rest of North America
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1.2.5 South America
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1.2.5.1 Brazil
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1.2.5.2 Chile
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1.2.5.3 Colombia
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1.2.5.4 Rest of South America
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Military Fixed-wing Aircraft Market Size FAQs
How big is the Global Military Fixed-wing Aircraft Market?
The Global Military Fixed-wing Aircraft Market size is expected to reach USD 47.03 billion in 2024 and grow at a CAGR of 5.63% to reach USD 65.32 billion by 2030.
What is the current Global Military Fixed-wing Aircraft Market size?
In 2024, the Global Military Fixed-wing Aircraft Market size is expected to reach USD 47.03 billion.
